Dubai dreaming – the Middle East is coming to the fore as Europe struggles
Competing against countries from Europe, South America and Asia, Dubai's bid to host the World Expo in 2020 is redolent of the growth in prominence of the Middle East in recent years. With the emirate pitching to bring the exhibition to the Middle East for the first time, delegates at Legal Week's Corporate Counsel Forum Middle East suggested the bid was symbolic of increasing scrutiny on how Gulf Co-operation Council (GCC) countries stack up against markets in Europe and Asia on the wider business stage. Speaking at the recent event, which was held at the Mina A'Salam, Madinat Jumeirah in Dubai, Iain Linney, a global capital markets regulatory specialist and formerly executive director at WestLB and Farouk Soussa, chief economist for the Middle East at Citi, sized up the opportunities for businesses looking to expand or invest in the GCC.
As Europe continues to flouder, the Middle East is still seeing GDP growth. Pui-Guan Man eyes up the region’s benefits
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